MICHAEL CHINODA

• Custodian of company policies, assets, and the corporate governance culture and ensuring compliance with all applicable statutory requirements.
• Strengthening internal controls through regular audits and adherence to regulatory requirements.
• Training new and existing staff members in various financial procedures to ensure efficiency and effectiveness of the finance department
• Preparation of monthly management accounts,
• Internal and External audit liaison,
• Preparation of annual budgets and cashflow forecasts and managing performance towards budgeted figures,
• Preparation of annual financial statements,
• Overseeing day to day operations of the finance department,
• Review of balance sheet reconciliations and detailed audit files,
• Review of daily cashflow reports as well as weekly financial reports,
• Managing creditors payments in line with debtors' collections,
• Managing the Human Resources function, responsible for talent acquisition, dispute resolution, terminations, and HR operations
• Managing the payroll processing function
• Reviewing monthly and annual tax returns in liaison with the tax experts.

• Maintaining accurate fixed asset register and reconciling asset register balances and system balances every month
• Compile hotel budgets, forecasts and cashflow schedules in close collaboration with respective divisional heads
• Detailed review of general ledgers to ensure that all items are posted to correct accounts before closing monthly accounts
• Prepare management accounts that include balance sheets, profit and loss statement, trial balances and other management reports
• Prepare detailed commentary to management accounts.
• Prepare unit business review in liaison with Heads of Departments.
• Attend to internal and external audit requirements timely
• Preparation of bank, petty cash and float reconciliations to ensure accuracy of reported balances
• Managing stock procurement process
• Debtors and creditors management including monthly creditors reconciliation function.
• Comply with statutory obligations
• Daily cash reporting and planning for payments
• Preparing and circulating weekly financials
• Keeping eye on key commitments and service level agreements

• Developing flexible Annual Audit Plan using appropriate risk-based methodology, and including any risks or control concerns identified by management, and submitting that plan to Management and Audit Committee for review, input and approval;
• Implementing approved plan, including any special tasks or projects requested by management and audit committee;
• Conducting Internal Control evaluation and risk assessment to identify loopholes and areas requiring management intervention to prevent frauds, embezzlements, misappropriations, misuse and wastage and ensuring that objectives of organization are achieved economically, efficiently and effectively;
• Supervising junior auditors;
• Ensuring that systems exist for generation of accurate and reliable financial and other information;
• Communicate results of internal audit to stakeholders: Communicating all audit findings to responsible unit management and reporting to Head Office management on results of audits;
• Ensuring that Internal and external audits are coordinated to avoid duplication;
• Establishing quality assurance program by which audit executive assures operation of internal audit activities;
• Writing, reviewing and issuing periodic reports to Management and Audit Committee summarizing results of audit activities;
• Helping in investigation of significant suspected fraudulent activities and notifying management and audit committee of results;
• For significant observations or recommendations, monitoring and ensuring that management actions have been effectively implemented or that senior management has accepted the risk of not taking action.

I completed my articles with a global firm and one of the Big Four firms in auditing, accounting, advisory and taxation line of services and gained experience in performing statutory audits, compliance and performance information audits in both the public and private sectors and my 3 years cumulative experience covers: International Financial Reporting Standards (IFRS), International Auditing Standards (ISA), Generally Recognized Accounting Practice (GRAP)

Responsibilities on audit assignments:

• Planning an audit engagement and understanding the client environment;
• Drawing up budgets and managing actual time and costs versus budgets;
• Analyzing budget variances and coming up with corrective measures going forward; Identifying audit risks and designing an audit plan to respond to risks identified;
• Identifying and evaluating internal controls;
• Execution of audit work and frequent communication with the client and the team manager;
• Finalizing an audit engagement and preparing audit reports;
• Reviewing financial statements and performing financial analytical review procedures;
• Preparing financial statements in accordance with the applicable financial reporting standards;
• Preparing, reviewing and analyzing historic and forecast cash flows;
• Supervising and reviewing junior staff members' work;
• Chairing client meetings as well as internal meetings;
• Drawing up management issues and recommending corrective actions to be taken to address control weaknesses identified

My client base spanned across the following industries:

• Financial Services and Insurance Industry,
• Support services to transport including airports and seaports,
• Private Company Services,
• Non-profit making organization,
• Business Support Services and
• Government Services